Adyen (OTCMKTS:ADYEY) Shares Down 7% – Time to Sell?

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY)’s stock price fell 7% on Monday . The stock traded as low as $9.54 and last traded at $9.6375. 94,577 shares traded hands during trading, a decline of 95% from the average session volume of 1,723,564 shares. The stock had previously closed at $10.36.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADYEY. BMO Capital Markets began coverage on Adyen in a research report on Tuesday, April 21st. They set an “outperform” rating for the company. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research report on Monday, April 27th. BNP Paribas Exane lowered Adyen to a “neutral” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Adyen has a consensus rating of “Buy”.

Adyen Price Performance

The firm has a fifty day moving average of $10.65 and a two-hundred day moving average of $12.80.

About Adyen

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.